Finance and Accounting

Duration

60h Th, 25h Pr

Number of credits

Lecturer

Giuseppina Capodici, Wilfried Niessen

Language(s) of instruction

French language

Organisation and examination

All year long, with partial in January

Units courses prerequisite and corequisite

Prerequisite or corequisite units are presented within each program

Learning unit contents

0. Introduction 1. The company. 2. The fundamental principles of double-entry bookkeeping. 3. The operating cycle. 4. The inventory operations : assessment of the stock value - depreciation - amortization - provisions - revenues and expenses cut-off. 5. The final operations. 6. The long-term operations of the balance sheet. 7. The short terme operations aof the baalnce sheet.

Learning outcomes of the learning unit

Financial statements help accounting give a financial picture of the company, a picture whose reliability will always be relative and can only be assessed in regards to the type of assessment rules used, and the information needs of economic partners.
On completing the course, students will be able to:
- identify the accounting principles applying to a given situtation and explain the underlying mechanisms;
- encode supporting documentation pertaining to current transactions;
- use an accountancy software programme to encode the aforementioned documents;
- fill in synthesis documents (balance, balance sheet, profit and loss accounts, appendices etc.)  
 

Prerequisite knowledge and skills

None

Planned learning activities and teaching methods

The course curriculum essentially consists of the lecturer's explanations and illustrations of the theory and of the exercices solved in the tutorials.
In addition, optional exercice sessions are given by student tutors. 
The students are assigned a group work project consisting in encoding accounting documents using an accountancy software programme. 
A training test will be held during the year to help students:
- study the curriculum on a regular basis;
- assess their own comprehension of the curriculum; 
- acquaint themselves with the type of examincations questions and of assessment criteria. 
Consultation sessions are organized on a weekly basis. 

Mode of delivery (face-to-face ; distance-learning)

The course will be divided up into units in which presentations will be made, supported by transparencies and illustrated by concrete examples from business life. Students are provided with the following educational aids: a real-life [?] book with most transparencies used in class, a compendium of exercises which students might prepare for tutorials, and a group workshop based on actual documentation. Internet : http://newlola.hec.ulg.ac.be

Recommended or required readings

- F. MAILLARD et E. WATZEEL, Guide des comptes, Edition Standaard 2012. - FISCHER C., "La réglementation sur les comptes annuels et le plan comptable", Chambre d'économie et de Droit des Affaires, Bruxelles (Tomes mis à jour). - CAPODICI G. et NIESSEN W., "Comprenez votre comptable", Editions de la CCI, 2001. - ANTOINE J., Comptabilité, cours programmé avec tests et leur corrigé, De Boeck Université. - Les éditions de PACIOLI, http://www.ipcf.be.

Assessment methods and criteria

January assessment : written examination
June assessment : written examination, oral examination and group work during the year. The oral exam will take place only if the score of the written examen and the group work is higher or equal to 4/20. August assessment : idem, the note of the group work is not taken into account anymore.

Work placement(s)

Organizational remarks

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Contacts

Teaching Assistants office (office 302) HEC-Ecole de Gestion de l'ULg Rue Louvrex, 14 (Bât. N1) - 4000 Liège
CAPODICI Giuseppina Tél.: +32 4 2327263 Email : Giuseppina.Capodici@ulg.ac.be
RIFFON Véronique (Office 304) Tél : +32 4 2327340 Veronique.Riffon@ulg.ac.be(Giuseppina.Capodici@ulg.ac.be )
DEPREATERE Pauline Tél : +32 4 2327298 Pauline.Depreatere@ulg.ac.be(Magali.Herman@ulg.ac.be )